SOLED: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SOLED
Largest movements
- Cash -€104,533
down €104,533 (-39.3%), from €266,261 to €161,728
mainly Tax, wage and social debts (-€56,714) and Investment in fixed assets (net) (-€51,750)
- Tangible fixed assets +€49,756
up €49,756 (+154%), from €32,369 to €82,125
of which Land and buildings: +€51,750
- Receivables within one year -€14,191
down €14,191 (-36.3%), from €39,127 to €24,935
of which Trade receivables: -€14,628
- Current investments +€6,000
up €6,000 (+6.8%), from €88,187 to €94,186
- Tax, wage and social debts -€56,714
down €56,714 (-78.8%), from €71,938 to €15,224
of which Taxes: -€56,297
- Gross operating margin -€143,859
down €143,859, from €140,954 to -€2,905
- Taxes -€43,184
down €43,184, from €43,003 to -€182
- Financial income +€1,908
up €1,908 (+231%), from €828 to €2,736
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €429,090 | €366,121 | -€62,968 | -14.7% |
| Fixed assets | 21/28 | €35,516 | €85,272 | +€49,756 | +140% |
| Tangible fixed assets | 22/27 | €32,369 | €82,125 | +€49,756 | +154% |
| Land and buildings | 22 | €27,844 | €79,594 | +€51,750 | +186% |
| Plant, machinery and equipment | 23 | €2,009 | €1,339 | -€670 | -33.3% |
| Furniture and vehicles | 24 | €2,516 | €1,192 | -€1,324 | -52.6% |
| Financial fixed assets | 28 | €3,147 | €3,147 | = | 0.0% |
| Current assets | 29/58 | €393,574 | €280,850 | -€112,725 | -28.6% |
| Amounts receivable within one year | 40/41 | €39,127 | €24,935 | -€14,191 | -36.3% |
| Trade receivables | 40 | €38,620 | €23,992 | -€14,628 | -37.9% |
| Other amounts receivable | 41 | €507 | €943 | +€437 | +86.3% |
| Current investments | 50/53 | €88,187 | €94,186 | +€6,000 | +6.8% |
| Cash at bank and in hand | 54/58 | €266,261 | €161,728 | -€104,533 | -39.3% |
| Total equity and liabilities | 10/49 | €429,090 | €366,121 | -€62,968 | -14.7% |
| Equity | 10/15 | €301,793 | €300,978 | -€815 | -0.3% |
| Contributions | 10/11 | €6,820 | €6,820 | = | 0.0% |
| Reserves | 13 | €177,418 | €180,000 | +€2,582 | +1.5% |
| Distributable reserves | 133 | €177,418 | €180,000 | +€2,582 | +1.5% |
| Profit (loss) carried forward | 14 | €117,556 | €114,158 | -€3,398 | -2.9% |
| Amounts payable | 17/49 | €127,296 | €65,143 | -€62,153 | -48.8% |
| Amounts payable within one year | 42/48 | €127,296 | €65,143 | -€62,153 | -48.8% |
| Financial debts | 43 | €19 | - | -€19 | |
| Credit institutions | 430/8 | €19 | - | -€19 | |
| Trade debts | 44 | €3,777 | €2,515 | -€1,263 | -33.4% |
| Suppliers | 440/4 | €3,777 | €2,515 | -€1,263 | -33.4% |
| Taxes, remuneration and social security | 45 | €71,938 | €15,224 | -€56,714 | -78.8% |
| Taxes | 450/3 | €68,121 | €11,824 | -€56,297 | -82.6% |
| Remuneration and social security | 454/9 | €3,816 | €3,400 | -€416 | -10.9% |
| Other amounts payable | 47/48 | €51,562 | €47,405 | -€4,157 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,492 | €1,994 | -€498 | -20.0% |
| Other operating charges | 640/8 | €725 | €869 | +€144 | +19.8% |
| Gross operating margin | 9900 | €140,954 | -€2,905 | -€143,859 | |
| Operating profit (loss) | 9901 | €137,738 | -€5,768 | -€143,505 | |
| Financial income | 75/76B | €828 | €2,736 | +€1,908 | +231% |
| Recurring financial income | 75 | €828 | €2,736 | +€1,908 | +231% |
| Financial charges | 65/66B | €282 | €547 | +€265 | +94.1% |
| Recurring financial charges | 65 | €282 | €547 | +€265 | +94.1% |
| Profit (loss) for the period before taxes | 9903 | €138,283 | -€3,579 | -€141,863 | |
| Income taxes | 67/77 | €43,003 | -€182 | -€43,184 | |
| Profit (loss) for the period | 9904 | €95,281 | -€3,398 | -€98,678 | |
| Profit (loss) for the period to be appropriated | 9905 | €95,281 | -€3,398 | -€98,678 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.